Key Highlights

  • UK Education revenue for September was A$375,908, up 79.9% on the prior corresponding period, with A$159,094 from new universities.
  • Cash receipts for the quarter were A$765,000, against A$850,000 in Q1 FY26 and A$803,000 in the preceding quarter.
  • Six additional universities are in implementation in the UK and Europe, and 15 US universities are progressing through implementation with TransferMate.
  • Cash at quarter end was A$747,000.

IODM Limited (ASX:IOD) released its Q1 FY27 Quarterly Activities Report and Appendix 4C for the period ended 30 September 2026 on 19 October 2026. The report covered UK Education revenue, university implementations in the UK, Europe and the United States, cash receipts and the company’s cash position.

September revenue

UK Education revenue for September reached A$375,908, up 79.9% on September 2025 and 18.6% above the previous monthly high set in October 2025. Established universities contributed A$216,814, compared with A$209,000 a year earlier, while new universities contributed A$159,094. The comparison figure for September 2024 was A$97,118. For the full quarter, UK revenue was A$827,469 against A$682,400 in Q1 FY26, up 21%, with new universities contributing 42% of revenue. The company used an AUD/GBP rate of 0.4985.

Cash receipts and position

Cash receipts were A$765,000, compared with A$850,000 in Q1 FY26 and A$803,000 in the preceding quarter. IODM said the way IODM Connect changes existing university cash-collection behaviour means the timing of September revenue settlements in October is relevant to these comparisons. Cash at quarter end was A$747,000. After the balance date the company expects to receive the September invoices of about A$375,907 and an R&D grant anticipated to be A$500,000. October is traditionally its largest revenue month, with the related revenue expected to appear in November cash receipts.

Implementation programs

Six additional universities moved into implementation across the UK and Europe during the quarter. In the United States, 15 universities began implementation with TransferMate, part of a portfolio of 283 US universities, using a one-to-many model intended to speed deployment. TransferMate has indicated the universities will be live by 31 December 2026, and IODM expects all implementations to contribute before the end of Q2 FY27. The account table shows 43 universities at September 2026, made up of 15 established, seven onboarded and 21 in implementation, compared with 15 at September 2025.

Priorities for the next period

IODM said its priorities are completing implementations, supporting the Northern Hemisphere collection period, extending adoption within existing universities, progressing the US rollout and improving operating leverage as the business scales.